Construction work is making significant strides on the two affordable housing projects located on Transbay Block 2 in East Cut, San Francisco. Just five months after the groundbreaking ceremonies, these projects are well on their way to providing much-needed housing for the community.

Transforming San Francisco with Affordable Housing

Transbay Block 2 West: A Senior Housing Haven

The Transbay Block 2 West is set to become a remarkable nine-story affordable senior housing project. Developed by the Chinatown Community Development Center, it will ultimately house 150 affordable dwellings along with one manager's unit. A significant portion, 30 apartments, will be reserved for formerly unhoused senior residents. Additionally, 60 units will be dedicated to extremely low-income residents with fixed incomes. On-site services like intensive care management will be provided. When we visited early last week, concrete had reached the fourth floor, and facade installation was yet to commence. Completion is expected before the end of 2025. The architecture and interior design for this block are handled by Mithun, with Kerman Morris Architects as the associate architect.

Imagine the joy and security these new homes will bring to the senior residents. It's not just about having a roof over their heads; it's about creating a community where they can thrive and age with dignity. The progress we see here is a testament to the commitment of the developers and the importance of providing affordable housing for our senior citizens.

The design of Transbay Block 2 West is not only functional but also aesthetically pleasing. The careful attention to detail in the architecture ensures that these homes will be a source of pride for the residents. As the concrete rises and the floors are completed, it's clear that this project is on track to make a positive impact on the lives of many.

Transbay Block 2 East: A Family Housing Gem

Transbay Block 2 East is a 17-story family housing project led by Mercy Housing. It will offer 183 units affordable to households earning between 20-80% of the area's median income. Currently, crews are hard at work on the foundation and basement level. A representative from Mercy Housing shared with YIMBY that the project is already 20% complete and is approximately 5 months into a 25-month construction schedule. Completion is expected by summer 2026. Kennerly Architecture is responsible for the design, creating a space that will be both comfortable and welcoming for families.

For families in need of affordable housing, this project is a ray of hope. It will provide them with a stable environment where they can raise their children and build a future. The progress we are witnessing is a sign of the positive changes that are taking place in our city. With each floor completed and each detail attended to, this project is becoming a reality.

The design of Transbay Block 2 East takes into account the needs of families, with spacious layouts and amenities that will enhance their quality of life. From play areas for children to common spaces for socializing, every aspect has been carefully considered. As the construction continues, it's exciting to think about the families that will soon call these homes their own.

Location and Masterplan

Within the larger Transbay masterplan, Block 2 occupies a significant portion of the former temporary Transbay bus terminal's footprint. Bounded by Folsom Street, Beale Street, Howard Street, and Main Street, it is a central location that will bring convenience and accessibility to the residents. The townhome-style mews and the newly-paved Clementina Street extension will border the Transbay Block 3 park, which has been drafted by the city's Public Works Department. The park will feature a playground, open lawn, and trees, providing a green space for the community to enjoy.

The location of these housing projects is truly strategic. It allows residents to be close to essential services, transportation, and amenities. The park adjacent to Block 2 will serve as a gathering place for families and seniors alike, fostering a sense of community. This integration of housing and public spaces is a key aspect of the Transbay masterplan and will enhance the overall quality of life in the area.

On the opposite end of the block, Hines received approval for a potential 47-story tower at Transbay Block 4. However, as reported by Patrick Hoge in the San Francisco Examiner, Hines failed to make a payment to the Office of Community Investment and Infrastructure, losing their exclusive option for the development. This highlights the importance of timely payments and the commitment to these projects.

Budget and Financing

The combined budget for both projects is estimated to reach $309 million, according to the Mayor's office. Financing has been secured from a variety of sources, including California HUD, low-income housing tax credit equity from Bank of America, and the Office of Community Investment and Infrastructure. This diverse funding ensures the sustainability and success of these affordable housing initiatives.

The financial support for these projects is a testament to the city's commitment to addressing the housing crisis. By securing these funds, we are able to provide much-needed housing for our community. It shows that with proper planning and collaboration, we can make a real difference in the lives of those in need.

The various sources of financing also bring in different perspectives and expertise. California HUD's involvement ensures compliance with regulations and standards, while Bank of America's low-income housing tax credit equity provides additional resources. The Office of Community Investment and Infrastructure plays a crucial role in coordinating and managing the funds, ensuring that the projects are completed on time and within budget.

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